Guideline Value

Corporate

Guideline Value for S.S.T. OIL MILL ROAD

₹3300/sq.ft.

The guideline value for S.s.t. Oil Mill Road in Iyyappanthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Iyyappanthangal

Village

Chennai South Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on S.s.t. Oil Mill Road

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S.S.T. Oil Mill Road guideline value

The current guideline value of S.S.T. Oil Mill Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Iyyappanthangal village under the Chennai South Joint I SRO, classified as Residential Special Type - I.

How the guideline value of S.S.T. Oil Mill Road has changed

The guideline value for S.S.T. Oil Mill Road has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 900% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The value then increased to Rs 3,000 per sq.ft in 2023, reflecting a 49% increase before reaching the current rate of Rs 3,300 per sq.ft in 2024, a 10% rise.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1000%.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of S.S.T. Oil Mill Road is above this median.

Stamp duty and registration fee for property in S.S.T. Oil Mill Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, these costs would total Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.S.T. Oil Mill Road?

The S.S.T. Oil Mill Road is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Iyyappanthangal

The guideline value plays a crucial role in the registration process when buying or selling property in Iyyappanthangal. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers, as it affects the overall cost of the transaction. It ensures that the property is registered at a value that reflects the current market conditions as determined by the local authorities.

Frequently asked questions

What is the current guideline value of S.S.T. Oil Mill Road?

The current guideline value of S.S.T. Oil Mill Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1000%.

What is the land classification for S.S.T. Oil Mill Road?

S.S.T. Oil Mill Road is classified as Residential Special Type - I under the Chennai South Joint I SRO.

Where can I find the SRO for S.S.T. Oil Mill Road?

The SRO covering S.S.T. Oil Mill Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Iyyappanthangal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be calculated at 7% of that amount.